We recently published a list of Jim Cramer Discusses These 12 Stocks & Says Mag 7 Stocks Are A Thing Of The Past. In this article, we are going to take a look at where Colgate-Palmolive Company (NYSE:CL) stands against other stocks that Jim Cramer discusses.
In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer couldn’t stop talking about the stock market bloodbath on Monday that saw the S&P and Dow indexes post their worst day since December and the NASDAQ post its worst day since 2022. He started out by reiterating that the era of Magnificent 7 stocks appeared to be over. “I think this is a very crucial day and I just want to say, what I was saying was historically empirical, not hysterical and crazy,” Cramer shared. “I was looking at the Magnificent 7 for when Michael Hartnett created from Bank of America, and he did in May of 2023. And, what’s happened is this that we no longer have the top seven were, Magnificent 7,” he added.
Cramer stated that the Mag 7 stocks “were just about what was big market cap.” Recalling the banking crisis of 2023, he added: “And it was about what happened . . .this is the time of the banking crisis, two years ago. And that’s when this group asserted itself and they were responsible for all the gains. And that’s over. It’s hard to be Magnificent 7 when you’re not in the top seven.”
Television shows were on his mind when discussing the Mag 7’s fall from grace. Cramer likened Mark Zuckerberg’s social media company to Vin Tanner, who was played by Steve McQueen in the television series called the Magnificent 7. “[T]hat’s Steve McQueen obviously,” said Cramer. McQueen “was a great charitable guy, covered his death when I was in LA,” he shared.
Further elaborating on how the Mag 7 stocks were no longer the most valuable companies on Wall Street, Cramer shared that the world’s largest brick-and-mortar retailer was “at one point, was flirting with number ten,” which was Elon Musk’s car company. Naturally, this made him wonder: “So how are we supposed to, if we go back in time how this was created. They were the top seven. And, it was just not enough juice. They had nothing to do with each other. That’s been revealed.”
When his co-host Carl Quintanilla pointed out that the selloff was more than just the top stocks as 160 S&P names fell 4%, Cramer shared:
“I was looking at the stocks that have a market cap of five billion. That have fallen, fallen fifty percent since the election. . . .These are really good companies. So what I’m saying is this that we have overwhelm in tech. We have ways to get out of this.”
The conversation also saw him comment briefly on the mergers and acquisition market in the US. Cramer shared:
“I have really good information, up to date now on what’s going on in M&A. There’s a pause. I don’t wanna say it’s a shut down. There’s a pause. There are very few deals. There were going to be many deals. Now people want to wait. I mean many deals. I mean the pipeline was really rather extraordinary a month ago. . .but it’s put on hold, not done. But it is a floodgate ready to happen if there can just be a [inaudible] from Washington.”
Naturally, since the stock market crash was influenced in part by recessionary worries and President Trump’s tariffs, Cramer commented on the President in line with global stock markets:
“This weekend I did a piece, and I said everyone keeps thinking about the Dow. I think that the President is competitive versus other countries. And he could very quickly say look, he has distinguished himself by not caring about the stock market. Well how about their stock markets? They’re crushing us. Are we really going to let the Italian stock market beat us? Is Spain gonna? Spain? Spain?! I mean are you kidding me? I don’t think it’s been this strong since Franco!”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on March 11th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Colgate-Palmolive Company (NYSE:CL)
Number of Hedge Fund Holders In Q4 2024: 62
Colgate-Palmolive Company (NYSE:CL) is a sizable consumer goods company whose business model means that investors flee towards it for refuge when growth stocks and broader markets tumble. Its shares have gained 3.9% year-to-date, but tumbled by 3.5% on Tuesday. The dip in Colgate-Palmolive Company (NYSE:CL)’s shares is telling when we analyze it in tandem with Cramer’s remarks. The host believes that the stock has to fall to show that investors are willing to return to growth names. Here’s what he said about Colgate-Palmolive Company (NYSE:CL):
“David Faber often asks me, what’s the key to this market? I’m gonna have to give three keys, I’m sorry, lot of doers. SJ Smucker, SJM, Colgate, and JNJ. These are two companies, SJM and Colgate, that are not doing well. . .And, what I’m saying is this these three have been bid up unnaturally by this program, which is out of the really good stocks of companies that are doing really well. And then to the companies. . .Colgate has to be thrown back to 92 level. Where they began these ascents. These companies are not doing well enough to be able to support the rallies that they’ve had. It’s entirely done by traders who don’t seem to know how to trade by putting things on immediately. I wish I had worked these orders, you wouldn’t see this action.”
Overall, CL ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
